Fixed deposit rates go up as banks and finance companies jostle for market share

SINGAPORE – Interest rates for fixed deposits are moving up and are now at the same or even higher than pre-Covid-19 levels amid an increasingly competitive market for lenders. UOB and Hong Leong Finance are the latest to lift rates. UOB is increasing promotional rates for its Singapore dollar fixed deposits from Thursday with a […]

S’pore drew $6.3b in fixed asset investments in Q2; projects to create over 5,100 jobs

SINGAPORE – Singapore drew $6.3 billion of fixed asset investments in the second quarter of 2022, as the country continues to pull in investments amid a challenging global environment. The Republic also attracted $2.1 billion of total business expenditure (TBE) for the April to June period, the Ministry of Trade and Industry (MTI) said in […]